Overview and Application Guide
The internal audit ambition model
Tool for self-reflection, internal validation of compliance with the Standards, setting the ambition levels for the IAF, and communicating with the Board and the Audit Committee.
Internal Audit Ambition Model (IA AM) is an excellent tool for self-reflection, internal validation of compliance with the Standards, setting the ambition levels for the IAF, and communicating with the Board and the Audit Committee in particular. When CAEs are willing to share data with each other the IA AM can also be used as a benchmarking tool.
This publication describes the components of the tool and how it can be used.